REGISTERED NUMBER: 07454961 (England and Wales)

Blue Butterfly Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Pankhania

Mrs P Pankhania

SECRETARY:

Mrs P Pankhania

REGISTERED OFFICE:

1 Bell Street

2nd Floor

London

NW15BY

REGISTERED NUMBER:

07454961 (England and Wales)

ACCOUNTANTS:

DSJ Partners (UK) Limited

2nd Floor

1 Bell Street

London

NW1 5BY

FIXED ASSETS

Tangible assets

4

126,511

135,446

Investments

5

100

100

126,611

135,546

CURRENT ASSETS

Debtors

6

1,778,818

1,669,268

Cash at bank and in hand

94,183

5,562

1,873,001

1,674,830

CREDITORS

Amounts falling due within one year

7

(250,313

)

(231,416

)

NET CURRENT ASSETS

1,622,688

1,443,414

TOTAL ASSETS LESS CURRENT LIABILITIES

1,749,299

1,578,960

CREDITORS

Amounts falling due after more than one year

8

(34,835

)

(45,463

)

PROVISIONS FOR LIABILITIES

9

(24,035

)

(25,732

)

NET ASSETS

1,690,429

1,507,765

CAPITAL AND RESERVES

Called up share capital

12,000

12,000

Share premium

1,178,100

1,178,100

Retained earnings

500,329

317,665

SHAREHOLDERS' FUNDS

1,690,429

1,507,765

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2025 and were signed on its behalf by:

R Pankhania - Director

1.	STATUTORY INFORMATION

Blue Butterfly Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover shown in the profit and loss account represents amounts earned during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% on reducing balance

Computer equipment - 20% on reducing balance

Motor car - 20% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

On the basis the director is satisfied that the company can meet its obligation as and when they fall due and that the company has sufficient support from its creditors/shareholders, the accounts are prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2023 - 67 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

153,904

122,891

54,635

88,351

419,781

Additions

-

-

-

20,022

20,022

At 31 December 2024

153,904

122,891

54,635

108,373

439,803

DEPRECIATION

At 1 January 2024

111,146

104,818

10,927

57,444

284,335

Charge for year

6,414

3,615

8,742

10,186

28,957

At 31 December 2024

117,560

108,433

19,669

67,630

313,292

NET BOOK VALUE

At 31 December 2024

36,344

14,458

34,966

40,743

126,511

At 31 December 2023

42,758

18,073

43,708

30,907

135,446

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

At 31 December 2023

100

The company's investments at the Balance sheet date in the share capital of companies include the following:

AJP Assets Ltd

Nature of business: Pre-school education and care.

%

holding

Class of shares:

Ordinary 100.00

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

276,641

276,641

Amounts receivable in respect of finance leases

3,100

5,058

Other debtors

5,244

4,364

284,985

286,063

Amounts falling due after more than one year:

Amounts owed by group undertakings

1,493,833

1,383,205

Aggregate amounts

1,778,818

1,669,268

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Finance leases

10,628

10,628

Trade creditors

12,009

11,322

Amounts owed to group undertakings

68,385

68,385

Taxation and social security

71,765

23,393

Other creditors

87,526

117,688

250,313

231,416

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Finance leases

34,835

45,463

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

24,035

25,732

Deferred

tax

£

Balance at 1 January 2024

25,732

Credit to Income Statement during year

(1,697

)

Balance at 31 December 2024

24,035

10.	RELATED PARTY DISCLOSURES

R Pankhania

Mr R Pankhania is a Director of the Company.

During the year £Nil (2023 - £211) of interest has been accrued on the loan provided by Mr R Pankhania. During the year £36,730 (2023:£22,719) of the loan was repaid.

2024

2023

£

£

Amount due to related party at the balance sheet date

-

39,951